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MODELS FOR APPRAISING INVESTMENTS YIELDING STOCHASTIC RETURNS.
- Source :
- Management Science; Jul1966, Vol. 11 Issue 9, p815-830, 16p
- Publication Year :
- 1965
-
Abstract
- This paper provides models for economic enterprises or projects whose returns vary randomly in time and which are subject to termination or "ruin" provided assets or net worth fall to a prescribed level. In particular, strategies for dealing with environmental changes, innovations, and catastrophe are considered. [ABSTRACT FROM AUTHOR]
Details
- Language :
- English
- ISSN :
- 00251909
- Volume :
- 11
- Issue :
- 9
- Database :
- Complementary Index
- Journal :
- Management Science
- Publication Type :
- Academic Journal
- Accession number :
- 7346402
- Full Text :
- https://doi.org/10.1287/mnsc.11.9.815